Standard Chartered Bank Nigeria - Compliance Manager and CDD Advisor

Compliance Manager and CDD Advisor
Standard Chartered Bank – Nigeria – SCB (Nigeria)
Job Description

Regulatory Risk Identification and Policy Setting
- Lead in the identification of material regulatory risks in-country through measured analysis of factual scenarios and/or documentation.
- Anticipate, access and communicate key regulatory risk trends in-country, for management consideration, drive the development and implementation of appropriate mitigation control measures.
- Identify new banking regulations and laws and ensure the implications are appropriately notifies to all relevant parties.
Regulatory Relationship Management
- Manage and develop the relationship with the countrys Regulator, along with the Country Head of Compliance, according to the Regulatory Relationship Plan.
- Build trust through meeting regulatory commitments and having regular briefings with the regulators.
- Ensure the bank is properly prepared for Regulatory inspections and coordinating the response with the business.
- Support FCR in acting as the Banks single point of cintact for inquiries related to SARs or investigations. Maintain a good working relationship with the relevant authorities, regulatory bodies and enforcement agencies (e.g Central Bank, Financial Intelligence Unit, Police Force etc).
- Support FCR Operations on SARs and related investigations.
Regulatory Advise
- Provide timely regulatory advise and recommedations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitor regulatory developments
- Provide guidance on proper application and interpretation of banking laws, regulations and policies applicabel to the country.
- Ensure AML regulations, policies and requirements are clearly communicated to management and staff members.
- Set control standards and provide advise on the development of appropriate controls for the mitigation of regulatory risks.
- Assist in overseeing relevant admistration and licensing as required by the local regulatory requirements.
Regulatory Compliance and Training
- Deliver or procure delivery of a program of activities that educate and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues, for example Outsourcing, Senior Management Responsibilities and Code of Conduct.
- Manage, cordinate and deliver appropriate training programme to ensure staff members are sufficiently trained to apply and administer AML related controls in their day to day business activities.
- Assist in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
Compliance Monitoring
- Establish and cordinate the risk-based Compliance Monitoring Plan to include: relevant ORA, business specific compliance reviews, other functional compliance reviews, routine checks and approvals.
- Cordinate and perform Regulatory Compliance Reviews in businesses and functions.
- Ensure all Control Room procedural requirements are met, including PDRs and disclosure requirements.
Compliance Reporting
- Prepare regular and accurate reports that demonstrate understanding, provide clear analysis and are escalated to the relevant risk managers and governance bodies.
- Handles ad hoc enquiries and surveys as requested by the regulators from time to time.
- Reporting to Country, Group and Management on the country overall AML status. This includes reporting of AML metrics, trends and risks (both existing and emerging) for management actions and decisions.
Compliance Business Partnering
- Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions, to keep the local regulator updated on developments in the businesses.
- Assist the Country Head of Compliance and Senior Management in ensuring that Bank and its subsidiaries operate in accordance with relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.
- Assist country management to ensure internal resources, systems, procedures and controls are in place, documented and operating effectively in order to mitigate money laundering risk. Co-ordinate implementation of country level programmes and initiatives to enhance AML awareness and effort.
- Provide support to business in complying with th new an dchanging regulations, as well as Group policies and standards.
- Proactively drive the development and maintenance of good relationships with internal and external stakeholders at the appropriate levels ensuring an open and cooperative environment,
- Ensure close working relationship with the business, operationak risk and FCR resources and ensure that there is a clear delineation of duties and responsibilities among various parties.
Customer Due Diligence (CDD)
- Anchoring and supporting the Banks CDD infrastructure.
- Providing advise at on-boarding and continous customer monitoring on risk classification.
- Providing support to the Banks CDD teams on ensuring compliance with regulations and Group policies relating to KYC/CDD.
- Checking and ensuring compliance with AML/CFT provisions.
- Ensuring local regulations and legislations tally with Gruop policies through Country Addendums and dispensations.
Key Roles & Responsibilities
Regulatory Risk Identification and Policy Setting
- Lead in the identification of material regulatory risks in-country through measured analysis of factual scenarios and/or documentation.
- Anticipate, access and communicate key regulatory risk trends in-country, for management consideration, drive the development and implementation of appropriate mitigation control measures.
- Identify new banking regulations and laws and ensure the implications are appropriately notifies to all relevant parties.
Regulatory Relationship Management
- Manage and develop the relationship with the countrys Regulator, along with the Country Head of Compliance, according to the Regulatory Relationship Plan.
- Build trust through meeting regulatory commitments and having regular briefings with the regulators.
- Ensure the bank is properly prepared for Regulatory inspections and coordinating the response with the business.
- Support FCR in acting as the Banks single point of cintact for inquiries related to SARs or investigations. Maintain a good working relationship with the relevant authorities, regulatory bodies and enforcement agencies (e.g Central Bank, Financial Intelligence Unit, Police Force etc).
- Support FCR Operations on SARs and related investigations.
Regulatory Advise
- Provide timely regulatory advise and recommedations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitor regulatory developments
- Provide guidance on proper application and interpretation of banking laws, regulations and policies applicabel to the country.
- Ensure AML regulations, policies and requirements are clearly communicated to management and staff members.
- Set control standards and provide advise on the development of appropriate controls for the mitigation of regulatory risks.
- Assist in overseeing relevant admistration and licensing as required by the local regulatory requirements.
Regulatory Compliance and Training
- Deliver or procure delivery of a program of activities that educate and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues, for example Outsourcing, Senior Management Responsibilities and Code of Conduct.
- Manage, cordinate and deliver appropriate training programme to ensure staff members are sufficiently trained to apply and administer AML related controls in their day to day business activities.
- Assist in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
Compliance Monitoring
- Establish and cordinate the risk-based Compliance Monitoring Plan to include: relevant ORA, business specific compliance reviews, other functional compliance reviews, routine checks and approvals.
- Cordinate and perform Regulatory Compliance Reviews in businesses and functions.
- Ensure all Control Room procedural requirements are met, including PDRs and disclosure requirements.
Compliance Reporting
- Prepare regular and accurate reports that demonstrate understanding, provide clear analysis and are escalated to the relevant risk managers and governance bodies.
- Handles ad hoc enquiries and surveys as requested by the regulators from time to time.
- Reporting to Country, Group and Management on the country overall AML status. This includes reporting of AML metrics, trends and risks (both existing and emerging) for management actions and decisions.
Compliance Business Partnering
- Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions, to keep the local regulator updated on developments in the businesses.
- Assist the Country Head of Compliance and Senior Management in ensuring that Bank and its subsidiaries operate in accordance with relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.
- Assist country management to ensure internal resources, systems, procedures and controls are in place, documented and operating effectively in order to mitigate money laundering risk. Co-ordinate implementation of country level programmes and initiatives to enhance AML awareness and effort.
- Provide support to business in complying with th new an dchanging regulations, as well as Group policies and standards.
- Proactively drive the development and maintenance of good relationships with internal and external stakeholders at the appropriate levels ensuring an open and cooperative environment,
- Ensure close working relationship with the business, operationak risk and FCR resources and ensure that there is a clear delineation of duties and responsibilities among various parties.
Customer Due Diligence (CDD)
- Anchoring and supporting the Banks CDD infrastructure.
- Providing advise at on-boarding and continous customer monitoring on risk classification.
- Providing support to the Banks CDD teams on ensuring compliance with regulations and Group policies relating to KYC/CDD.
- Checking and ensuring compliance with AML/CFT provisions.
- Ensuring local regulations and legislations tally with Gruop policies through Country Addendums and dispensations.
Qualifications & Skills
Knowlegde of the Banks areas and their products and the relevant regulatory and legal requirements that apply.
Knowledge of the system of internal controls that enables effective mangement of the affairs of the Group locally. Detailed knowledge of local risk reporting and governance/management structures, and the regulatory and legal obligations of country management.
Ability to identify and assess relevant laws and regulations to provide solutions to business needs. Detailed knowledge of local laws and regulations including: an ability to anticipate future regulatory requirements based on thorough research; a thorough knowledge of Group policies and how they apply to the local market environment; ability to offer considered practical and cost effective solutions to ensure regulatory compliance.
The ability to manage the relationship with the relevant government and regulatory stakeholders, to understand their concerns and influence them to effectively manage our external operating environment. A good operational knowledge of the processes and procedures involved in the maintenance and enhancement of the Regulatory Relationship Plan. The strategic ability to influence local regulators through effective communications of our business intent.
Knowledge of local regulations, Group and business policies and procedures as they apply to local business products. Knowledge of local and regional/global (where appropriate) regulatory developments and understanding of how these affect local delivery of products and services. High-level of understanding of the products and services of the Bank.
Achieve compliance with local AML regulations and Group AML policies and standards. Timely identification and mitigation of significant risks.
Ability to make balanced commercial judgments and provide pragmatic solutions. Ability to drive efficiences and innovations in achieving objectives. Good relationship and customer management skills.
Other specific measurement criteria set out in the annual Job Objectives.
First degree (minimum of 2:2) in any numerate discipline. Post qualification is an added advantage.
Eight (8) years post qualification experience.
Experience in Operations, Legal, Finance or Risk Management.

Click to apply